1484 Henderson | Long Beach 90813

Downtown Long Beach | Four-Plex with Great Income Potential

 

3520 sqft

10 Beds

4 Baths

 

:: SOLD | $1,075,000 ::

Asking Price - $1,025,000

Fantastic investment property located in the heart of Downtown Long Beach. Four spacious units, all with in-unit washer/dryer hookups. A total of five, one-car garages. Three units, recently remodeled. Well maintained investment with great opportunity for growth. All tenants month-to-month and below market rents. Minutes to the Waterfront with some of the best shopping and restaurants that Long Beach has to offer.

Bottom two units = 2 Bedroom/1 Bath | Top two units = 3 Bedroom/1 Bath GRM of 13.8 & 5.0 cap, based on current rental values

Rent Roll

  • Unit A - $1495 (2 Bed, 1 Bath)

  • Unit B - $1590 (3 Bed, 1 Bath)

  • Unit C - $1595 (3 Bed, 1 Bath)

  • Unit D - $1495 (2 Bed, 1 Bath)